19.12.2012 08:59:00

Volvo: Truck Deliveries in November 2012

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks,
UD and Eicher):

Delivered Units

November

Change

Year-to-date

Change

Volvo Group

2012

2011

2012

2011

Europe

7 406

8 552

-13%

76 735

86 076

-11%

Western Europe

5 697

6 693

-15%

58 214

68 737

-15%

Eastern Europe

1 709

1 859

-8%

18 521

17 339

7%

North America

3 510

4 839

-27%

44 142

37 824

17%

South America

2 252

2 545

-12%

21 500

26 355

-18%

Asia

4 357

5 153

-15%

46 537

50 071

-7%

Other markets

1 579

1 351

17%

15 834

13 904

14%

Total Volvo Group

19 104

22 440

-15%

204 748

214 230

-4%

Light duty (< 7t)

1 519

1 801

-16%

16 751

22 022

-24%

Medium duty (7-16t)

2 634

3 120

-16%

30 245

31 159

-3%

Heavy duty (>16t)

14 952

17 520

-15%

157 753

161 050

-2%

Total Volvo Group

19 104

22 440

-15%

204 748

214 230

-4%

Volvo

Deliveries of Volvo branded trucks in November decreased by 17% to 9,446
vehicles compared with the same month last year.

In Europe, deliveries decreased by 13% to 3,835 trucks in total compared
to November last year. The current slowdown in economic activity and
uncertainty about the future business climate in the region is clearly
having a negative impact on demand for trucks. Production of Volvo
trucks in Europe has been lowered by removing shifts and using stop days
for the remainder of the year to meet the lower demand.

November deliveries in Asia amounted to 1,132 units in total, a decrease
of 19% compared to the same month last year.

November deliveries in North America decreased 24% to 2,243 vehicles in
comparison with the same period last year. Concerns about the economy
continued to affect the market, and a combination of stop days and rate
reduction is being implemented to align production with demand.

Deliveries for South America decreased 21% in November compared with the
same month last year. The decrease was primarily driven by lagging
effects of the sluggish economy, but government stimulus efforts in
Brazil are having an impact, and demand continues to improve.

Deliveries by market area:

Delivered Units

November

Change

Year-to-date

Change

Volvo

2012

2011

2012

2011

Europe

3 835

4 418

-13%

39 103

41 694

-6%

Western Europe

2 530

3 059

-17%

25 235

29 063

-13%

Eastern Europe

1 305

1 359

-4%

13 868

12 631

10%

North America

2 243

2 959

-24%

23 884

22 539

6%

South America

1 712

2 159

-21%

17 571

22 595

-22%

Asia

1 132

1 406

-19%

10 116

12 398

-18%

Other markets

524

407

29%

5 416

4 238

28%

Total Volvo

9 446

11 349

-17%

96 090

103 464

-7%

Medium duty (7-16t)

137

217

-37%

1 576

1 738

-9%

Heavy duty (>16t)

9 309

11 132

-16%

94 514

101 726

-7%

Total Volvo

9 446

11 349

-17%

96 090

103 464

-7%

Mack

Deliveries for Mack in November totaled 1,712 vehicles, a 24% decrease
compared with November 2011. North American delivery volumes were
impacted by fewer production days, and ongoing market concerns about the
potential for a "fiscal cliff.”

Deliveries by market area:

Delivered Units

November

Change

Year-to-date

Change

Mack

2012

2011

2012

2011

Europe

1

52

-98%

45

99

-55%

Western Europe

Eastern Europe

1

52

-98%

45

99

-55%

North America

1 243

1 774

-30%

19 697

14 092

40%

South America

387

315

23%

2 669

2 654

1%

Asia

30

7

329%

Other markets

81

113

-28%

1 029

1 000

3%

Total Mack

1 712

2 254

-24%

23 470

17 852

31%

Heavy duty (>16t)

1 712

2 254

-24%

23 470

17 852

31%

Total Mack

1 712

2 254

-24%

23 470

17 852

31%

Renault Trucks

In November, 4,609 Renault branded trucks were delivered, a decrease of
11% compared to the year-earlier month.

The current slowdown in economic activity and uncertainty about the
future business climate in Europe is clearly having a negative impact on
demand for trucks. The weakening market conditions in Southern Europe
and France continues. As a consequence, the production of Renault trucks
in Europe has been adjusted downwards to meet the lower demand and, in
addition, as from November 22 short-term weeks have been introduced in
plants producing Renault trucks.

Deliveries by market area:

Delivered Units

November

Change

Year-to-date

Change

Renault Trucks

2012

2011

2012

2011

Europe

3 570

4 082

-13%

37 587

44 283

-15%

Western Europe

3 167

3 634

-13%

32 979

39 674

-17%

Eastern Europe

403

448

-10%

4 608

4 609

0%

North America

21

43

-51%

129

164

-21%

South America

153

61

151%

1 127

855

32%

Asia

357

527

-32%

3 551

4 247

-16%

Other markets

508

444

14%

5 112

4 067

26%

Total Renault Trucks

4 609

5 157

-11%

47 506

53 616

-11%

Light duty (< 7t)

1 142

1 482

-23%

12 741

17 071

-25%

Medium duty (7-16t)

621

802

-23%

6 682

7 194

-7%

Heavy duty (>16t)

2 846

2 873

-1%

28 083

29 351

-4%

Total Renault Trucks

4 609

5 157

-11%

47 506

53 616

-11%

UD

Deliveries from UD Trucks in November totaled 1,777 units, a decline of
19%.

The decline is mainly a consequence of a 21% weakening in the Japanese
market after the incentives to buy new trucks were ended in July.
However, Other markets improved by 20% mainly due to increased demand
for construction trucks in South Africa.

Deliveries by market area:

Delivered Units

November

Change

Year-to-date

Change

UD

2012

2011

2012

2011

North America

3

63

-95%

432

1 029

-58%

South America

10

-100%

133

251

-47%

Asia

1 308

1 730

-24%

15 080

14 977

1%

Other markets

466

387

20%

4 277

4 599

-7%

Total UD

1 777

2 190

-19%

19 922

20 856

-4%

Light duty (< 7t)

187

147

27%

1 865

2 521

-26%

Medium duty (7-16t)

782

1 068

-27%

10 010

9 757

3%

Heavy duty (>16t)

808

975

-17%

8 047

8 578

-6%

Total UD

1 777

2 190

-19%

19 922

20 856

-4%

Eicher

Deliveries of Eicher branded trucks in November increased by 5% to 1,560
trucks compared to the same month last year.

Deliveries by market area:

Delivered Units

November

Change

Year-to-date

Change

Eicher

2012

2011

2012

2011

Asia

1 560

1 491

5%

17 760

18 443

-4%

Total Eicher

1 560

1 491

5%

17 760

18 443

-4%

Light duty (< 7t)

190

172

10%

2 145

2 430

-12%

Medium duty (7-16t)

1 094

1 033

6%

11 977

12 470

-4%

Heavy duty (>16t)

277

286

-3%

3 639

3 544

3%

Total Eicher

1 560

1 491

5%

17 760

18 443

-4%

Volvo Group represents 50% of the total production volume for Eicher.

December 19, 2012

For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews.

AB Volvo (publ) may be required to disclose the information provided
herein pursuant to the Securities Markets Act and/or the Financial
Instruments Trading Act.The information was submitted for publication at
08:30 a.m. in December 19, 2012.

The Volvo Group is one of the world’s leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications. The Group also provides complete solutions for
financing and service. The Volvo Group, which employs about 115,000
people, has production facilities in 20 countries and sells their
products in more than 190 markets. In 2011 annual sales of the Volvo
Group amounted to about SEK 310 billion. The Volvo Group is a
publicly-held company headquartered in Göteborg, Sweden. Volvo shares
are listed on OMX Nordic Exchange Stockholm. For more information,
please visit www.volvogroup.com
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